Jim Cramer's Stop Trading! Amdocs Anxiety

Cramer is concerned but wouldn't take any action yet.

Cramer said the Chesterfield, Mo., maker of telephone billing software "has been a great performer," so he's loath to give up on it after Thursday's soft revenue forecast. Still, with the stock down 10% following a series of downgrades, there is the worry that the company's business has been undermined by telco consolidation and spending cuts.

"This is of concern," Cramer said of the warning. But he said investors "can't make a snap judgment," given how solid management has been in the past.

Cramer said the rebound in the greenback means that analysts "can't expect to raise numbers" as much for these companies. One exception, Cramer said, comes with companies that have a "strong secular growth story," such as charitable portfolio holding Altria ( MO). Cramer said he would trim holdings like Colgate and Pfizer ahead of earnings, which start in earnest next week.

Cramer made a similar comment about Caterpillar ( CAT), which he noted is "going up against overseas competition" that could prevent the "radical bump-up in numbers" that Cramer says he would otherwise expect.

At the time of publication, Cramer was long Altria.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.